Duluth Holdings Inc. (DLTH) Trading 3.2% Higher
Duluth Holdings Inc. (NASDAQ:DLTH)’s share price traded up 3.2% during trading on Tuesday . The stock traded as high as $30.60 and last traded at $30.29, with a volume of 262,097 shares trading hands. The stock had previously closed at $29.36.
Several equities analysts have commented on the company. Zacks Investment Research downgraded Duluth Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, August 2nd. Wunderlich assumed coverage on Duluth Holdings in a research report on Tuesday, August 2nd. They issued a “buy” rating and a $30.00 target price for the company. Robert W. Baird reiterated an “outperform” rating and issued a $29.00 target price on shares of Duluth Holdings in a research report on Wednesday, July 6th. BMO Capital Markets reiterated a “buy” rating and issued a $28.00 target price on shares of Duluth Holdings in a research report on Wednesday, June 8th. Finally, Stifel Nicolaus assumed coverage on Duluth Holdings in a research report on Friday, May 27th. They issued a “buy” rating and a $28.00 target price for the company. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $26.83.
The company has a market capitalization of $981.07 million and a P/E ratio of 45.44. The stock has a 50-day moving average price of $27.44 and a 200 day moving average price of $23.28.
Duluth Holdings (NASDAQ:DLTH) last announced its quarterly earnings results on Tuesday, June 7th. The company reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.03. The company earned $68.60 million during the quarter, compared to analysts’ expectations of $69.68 million. The company’s revenue was up 20.8% compared to the same quarter last year. Analysts predict that Duluth Holdings Inc. will post $0.69 EPS for the current fiscal year.
In related news, Director Brenda I. Morris sold 6,250 shares of the business’s stock in a transaction dated Monday, June 20th. The stock was sold at an average price of $25.55, for a total transaction of $159,687.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William E. Ferry sold 4,180 shares of the business’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $24.61, for a total value of $102,869.80. Following the transaction, the director now owns 3,333 shares of the company’s stock, valued at $82,025.13. The disclosure for this sale can be found here.
Duluth Holdings Inc (Duluth Trading) is a lifestyle brand of men’s and women’s casual wear, workwear and accessories sold through the Company’s own channels. The Company offers a line of functional products, such as Longtail T shirts, Buck Naked underwear and Fire Hose work pants. The Company operates through two segments: direct and retail.
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